JPMorgan drops baseline oil view, says Middle East disruption endgame 'increasingly difficult' to model

JPMorgan says it no longer holds a baseline view on oil, writing that "we simply don't know how to model the endgame" and that assuming Middle East disruptions are temporary is "becoming increasingly difficult." The bank's note marks its first abandonment of an oil baseline since the Iran war began.

Detected & updated continuously · Source: Nebula